Net Income Per Share

3 Months Ended

Apr. 30, 2024

Net income per common share:

Net Income Per Share

11. Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share as follows (in $000s except per share amounts):

	Three Months Ended April 30,
	2024		2023
Numerator:
Net income	$	1,653	$	1,320
Denominator:
Denominator for basic net income per share (weighted-average shares which exclude shares in the treasury, 1,358,208 and 1,353,508 at April 30, 2024 and 2023, respectively		7,364,757		7,325,005
Effect of dilutive securities from restricted stock plan		217,692		177,858
Denominator for diluted net income per share (adjusted weighted average shares)		7,582,449		7,502,863
Basic net income per share	$	0.22	$	0.18
Diluted net income per share	$	0.22	$	0.18